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Leading up to the votes for the move out of Delaware it became pretty clear how significant parts of the non institutional investors are rallying behind Musk.
by the_mitsuhiko 2y ago
Leading up to the votes for the move out of Delaware it became pretty clear how significant parts of the non institutional investors are rallying behind Musk. I don't think I have ever seen such a frenzy getting people to go for a proxy vote. That is not happening because Tesla is great, that's happening because there was a real worry about what Musk would do.
I don't know for sure, but if I were to guess I would say a not insignificant part of Tesla's market prices is Musk himself.
- indoordin0saur 2y agoI actually think Musk could go away and if you had a similarly driven CEO, with the same vision as him but without any public political opinions, the stock would actually go up.
- Zigurd 2y agoAlternatively, nobody competent would take the job because the valuation is so far out of line that anyone who does not have a cult following who seem to believe FSD will work by the end of this year, for sure, and that the robot is not a joke, will end up being blamed for TSLA being valued in line with similar sized car companies instead of having a P/E ratio 10X that of Toyota. It's not exactly Enron but it rhymes.